According to my analysis BTC is very week now to rebounce from 30k range.
1). The 200 MA and 55 MA have created death star which is worst case for BTC and in end of june and start of july we can see bitcoin trading 30k ranges.
2). There is also a huge inverse cup and handle which i have shown which clearly indicated in few days bitcoin will be trading under 30k. the price action of inverse cup is (-54.97%) and if it breaks the neckline which lies on 29k then in worst case scenario it will be under 20k ranges.
DATE: 22-JUNE-2021
TIME FRAME: 1 DAY
1). The 200 MA and 55 MA have created death star which is worst case for BTC and in end of june and start of july we can see bitcoin trading 30k ranges.
2). There is also a huge inverse cup and handle which i have shown which clearly indicated in few days bitcoin will be trading under 30k. the price action of inverse cup is (-54.97%) and if it breaks the neckline which lies on 29k then in worst case scenario it will be under 20k ranges.
DATE: 22-JUNE-2021
TIME FRAME: 1 DAY
